Mark Cuban blogpost: "My opinion on Governor Romney Tax Plan"

quote:Governor Romney is a successful financier. He is an amazing deal maker. When he has control of a situation, he knows exactly how to get things done. He knows exactly what he wants to do and he knows exactly the process he needs to take to get there. He is incredibly confident in his ability.

I see some of me in him. When it comes to my companies, I know what i want to do and I have complete confidence that I will get to where i need to go. I might not always get there, but I tend to only get into businesses and battles where I am extremely confident I can come out ahead. My failures have never stopped me from having absolute confidence in how I approach business. I have the feeling that Governor Romney has this trait to a far greater degree than even I do. No failure will ever slow down Governor Romney’s confidence.

quote:That confidence is exactly the foundation of his tax plan. This is how I see his plan:

- He will work to create bipartisan agreement to reduce federal spending as a share of GDP to 20 percent – its pre-crisis average – by2016.

- He will work to create bipartisan agreement to simplify the Tax Code - He will work to create bipartisan agreement to Reform Entitlement Programs To Ensure Their Viability - He will make Growth And Cost-Benefit Analysis Important Features Of Regulation. - He will work to remove regulatory impediments to energy production and innovation that raise costs to consumers and limit job creation. - That the rich will continue to pay the same share of taxes as they pay now. - He believes that income and corporate tax cuts across the board will increase economic growth which will offset the impact of any tax cuts that he is able create in a revenue neutral manner - He intends to first negotiate a bipartisan agreement to eliminate corporate and individual deductions other than mortgage interest deductions, health care deductions and several other tax deductions that he feels are important to the middle class - Once he has negotiated a bipartisan agreement to eliminate corporate and individual deductions he will be able to access the impact on revenues and determine what tax cuts that can be reasonably made. His goal and hope is that those tax cuts will be 20pct across the board for individuals and to 25pct for corporations. But he has been clear that it is not absolutely certain that these will be the exact numbers.

quote:f I spent enough time I bet I could create an algorithm that covered all the above, but that is far more work than I am willing to do. More importantly each variable in the algorithm would have to have such a large range of possible outcomes, solving the algorithm wouldn’t create much value. It is this fact that make people believe that Governor Romney has not provided details for his tax plan.

quote:Agree or not, I am certain that Governor Romney firmly believes the following – at Bain he created a company that was built on his ability alone to close deals to buy or invest in companies. He knew that he took people’s money and he was relentless in getting profitable deals done to make them money. He was hired to fix the Olympics. and he did. He was hired to fix the state of Massachusetts and he feels certain that he did. Add all this together and I believe that Governor Romney firmly believes that he is as good a negotiator and dealmaker as there is.

He knows that hard work and using your brain can help you accomplish great things, which I believe Romney is all about sending out that memo. Sadly, a lot of libs believe more so in catering to those who aren't willing to do what it takes to be a successful and contributing member of this country. He is living the American dream.

quote:who wants to consolidate his position at the expense of the 99% supports Romney? Color me shocked.

Consolidate his position at the expense of the 99%? Wtf are you talking about? A lot of these 1% ers are democrats chief. Make no mistake about that. Really it' comes down to who scratches who's back more. It really doesn't matter what side of the fence you're on. Besides this is irrelevant to the discussion at hand.

quote:I wish that were all it was. it's sad so many of you want to enable them to steal from the rest of us.

What percentage of Americans go to Newcastle, England regularly, support a fascist soccer team, and pretend to be a diehard supporter of another team without knowing the lineup and transfer dealings of said team?